Is the Economy in Style? Even I'm Worried About This Trade War Mess!

Shake it Off? More Like Shake it Down!

Hey Swifties! It's me Taylor. You know I'm all about shaking off the haters and writing catchy tunes but even I can't ignore the economic drama unfolding right now. So I’ve been reading about this 'trade war' thing and honestly it sounds like a bad breakup song waiting to happen. According to some economist named Torsten Slok things could get seriously 'Bad Blood' levels of messy.

Fearless...or Petrified?

Apparently this trade war fueled by the former guy (you know the one who shall not be named) could lead to something called 'stagflation.' It's like when you want to bake a cake but you're out of eggs AND sugar! Basically prices go up (inflation) but the economy slows down (stagnation). Sounds like a nightmare right? Even worse than realizing you accidentally wore the same dress as someone else on the red carpet!

The Market's Tumbled Like the Patriarchy in 'The Man'

Slok is saying GDP could drop by 1.5% and inflation could rise by the same amount! He said "This tells you what the textbook would predict that trade war by definition is a stagflationary shock where GDP will be lower and inflation will be higher." It sounds like the economy is in the *getaway car* going downhill pretty fast. And the stock market? Well it’s taken a bigger hit than my reputation after 2016. We are talking about trillions of dollars gone poof! Like a 'Blank Space' where your retirement fund used to be!

Magnificent Seven? More Like the Miserable Seven!

Even those 'Magnificent Seven' tech companies – you know the ones that seem invincible – are feeling the burn. Apparently they're losing boatloads of money because they rely on international sales. It’s like when my tour tickets are on sale and you are competing to get one so you are willing to spend anything it takes just to get a ticket. The tech heavy Nasdaq is officially in a bear market because everybody just wants to see them fall.

Are We Out of the Woods Yet? I'm Not Sure...

China retaliated against the sweeping tariff plan and the former guy vowed his economic policies "will never change." I am not an economist but this sounds like trouble to me. But hey at least CNBC is hosting an event where you can hear from the experts about what it all means. Maybe they can help us figure out if we're 'Out of the Woods' or if we're headed for another 'Long Story Short' (and not in a good way).

Remember Swifties We'll Get Through This Together!

Look I'm not saying we should all panic and start hoarding canned goods. But it's definitely a good time to stay informed and maybe diversify your investments (that’s what my financial advisors tell me to do). And remember even when things get tough we can always blast our favorite tunes dance it out and remember that 'this too shall pass.' After all we've survived many storms together haven't we? And maybe just maybe I'll write a song about this whole mess. Stay tuned! *wink*